Pete Najarian Sees Unusual Options Activity In Microsoft

On CNBC's Fast Money Halftime Report, Pete Najarian spoke about unusually high bullish options activity in Microsoft Corporation MSFT ahead of the earnings results, which are scheduled for Thursday.

He noticed there was a lot of activity in the October 30, 49 strike calls and the October 30, 50 strike calls on Monday and he decided to follow the trade. Najarian explained that Microsoft is one of the names he loves and he wanted an excuse to get back in. Besides the options activity, he also likes the fundamentals of the name and he has a lot of faith in Microsoft's CEO.

Najarian thinks the company still has growth and he explained that it will take some time before the cloud segment of its business gets as big as investors want. He believes that the stock is going to reach $50.